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Nokia remains top earning handset maker in FY11 at Rs 12,929 cr

Nokia remains top earning handset maker in FY11 at Rs 12,929 cr
PTI
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First Published: Sun, Jun 26 2011. 03 56 PM IST
Updated: Sun, Jun 26 2011. 03 56 PM IST
New Delhi: Finnish mobile handset maker Nokia continues to maintain its leadership with highest revenues of Rs 12,929 crore during 2010-11 in the handset market but has registered a meagre 0.2% growth over the previous year, says a survey.
Revenues of the Indian mobile handset market grew by 15% to touch Rs 33,171 crore in 2010-11 from Rs 28,897 crore a year back, according to annual survey by media firm Voice&Data.
The survey included all mobile handset companies doing business in India across categories like feature phones, multimedia phones, enterprise phones and smartphones from both multi-national and Indian mobile phone firms, it said.
Nokia continued to maintain its leadership in the market with revenue of Rs 12,929 crore showing a meagre growth of little over 0.2% as compared to its last year revenue of Rs 12,900 crore.
The analysts at Voice&Data attributed Nokia’s loss of market share to lack of dual-SIM phones in its portfolio. For 2010-11, Nokia enjoys a market share of 39%, the survey said.
Nokia’s leadership was followed by Samsung with revenues of Rs 5,720 crore with market share of 17.2%.
Voice&Data said that Samsung grew by 21.7% in 2010-11 from Rs 4,700 crore an year ago. The survey attributed Samsung’s success to its rich product portfolio on various popular operating systems like Windows and Android.
It also found company’s entry level smartphone ‘Wave’ and ‘Galaxy S’ witnessing huge successful during the period. For 2010-11, the company’s 3G phones contributed 5% of its entire sales, Voice&Data added.
Homegrown handset company Micromax stood at third position in the survey in terms of revenue. The company grew by a whopping 43% during the fiscal to register revenue of Rs 2,289 crore from Rs 1,602 crore a year before, and grabbed a market share of 6.9%.
Despite objection raised by security agencies on its highly encrypted services, the survey found tremendous growth in India business of Canadian firm Research in Motion’s brand BlackBerry.
The survey ranked BlackBerry at fourth position. Blackberry garnered revenue of Rs 1,950 in 2010-11, up 61.2% from Rs 1,210 in 2009-10, Voice&Data said.
Its entry level smartphone saw more sales in the fourth quarter than all other three quarters put together. The company grabbed a market share of 5.9%.
The survey saw highest growth in business of Taiwanese handset maker HTC at 99%. HTC’s revenue for 2010-11 grew to Rs 450 crore from Rs 226 crore in FY2009-10 and holds 1.4% market share.
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First Published: Sun, Jun 26 2011. 03 56 PM IST